In an uptrend within a range that extends from 38.57 to 33.59.
Uptrend that started at 35.00 and has run up to 38.24.
Watching for a correction to play on the short side.
May be retesting the support level on the Daily chart today. Daily chart trend is up. I'm long biased.
Today was a three wave formation and price climbed as high as 4416, settling around 4400 and forming a range.
Watch out for a retest of the support level on the daily chart below 4300.
- Approaching confirmation of an uptrend on the daily chart.
- Could be starting a correction. Daily chart trend is still long. May be playable on the short side.
This could be the retest of the high that starts a down trend or the resumption of an uptrend.
Shorts aren't there until below the low made earlier this week. Longs are still worthy of being traded.